28.07.2025-Monday, 08.30 am

Good Morning all... 

What has happened on Friday? Nifty Index, opened on a negative note at 24782.45, on the opening move it made a high 24889.20 further it moved down, made a low 24646.60 and closed on a negative note at 24680.90 with an intra loss 156.10 points, i.e., -0.63%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open on near 25800-24850-24880 levels; if open, trade and sustain above 24880 then, the index may re-test 24910-24940-24975-25010-25025-25075-25115 levels. On the other hand, the immediate support lies at 24785-24755 if, the Index moves below 24755 then, it may try to re-visit 24735-24700-24675-24645-24615 levels.

Special Mention: Yesterday, Nifty Index opened on a negative note, on opening move, took support near 24730, further moved up till 24889.20, unable to sustain above our threshold resistance 24880, again the intra sell-off dragged till 24646.60 and closed below 24730 level. Today, the Nifty index must trade, sustain and closes above 24880-24945; it may continue the pull back rally to re-test 25070-25250 levels in the near term. On the other hand, the immediate support seen at 24615-24520, further weakness below 24520 then, the Index may try to re-visit 24475-24345-24170 levels in the near term. Let see how the Index opens today near   levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a negative note at 56215.10 on the opening move, it made a high 56578.40 thereafter, it moved down, made a low 55997.45 and closed on a negative note at 56084.90 with an intra loss 444 points, i.e., -0.79%,  today Nifty Bank Index must move and sustain above 56610-56720 levels; if to do so, then it may try to test 56760-56805-56950-57075-57190-57255-57320-57390 levels. On the other hand, any weakness near 56610-56720 further, it moves below 56440-56335 then, the Index may re-visit 56205-56090-55915-55735 levels. 

Sensex Index: Yeserday, Sensex opened on a negative note at 81299.97 on the opening move, it made a day high 81557.41 thereafter, it moved down and made a low 80776.44 and closed on a negative note at 80891.02 with an intra loss 572.07 points, i.e., -0.70%, today Sensex must move and sustain above 81560-81640 levels; if to do so, then it may try to re-test 81730-81875-81990-82070-82250-82380-82490 levels. On the other hand, any weakness near 81560-81640 further, it moves below 81405-81225 then, the Index may re-visit 80795-80610-80500-80355 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 28th Jul'25 stands at 0.64 with PUT open interest of 2440842 and CALL open interest of 3840740, when compared with previous day level of 0.79, normally the reading below 1 denotes weakness/bearish, above 1 denotes strength/bullish on the index.

FIIs/FPIs & DIIs Funds Flow on NSE, BSE and MSEI : Yesterday, FIIs/FPIs, continued as a net seller, they sold on the net basis to the tune of Rs.6082.47 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.6764.55 Cr.

For the month of July'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.36591.16 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.46590.54 Cr.

INDIA's Macro Data:-

On 01st July'25-Tuesday, the HSBC Manufacturing PMI data released for the month of Jun'25, it moved up to 58.40 from 58.20 i.e., May'25. Likewise, the HSBC Services PMI data for the month of June'25 released on 03rd Jul'25-Thursday, it moved up to 61.00 from 59.30 i.e., May'25.

The RBI MPC meet held on 06th Jun'25-Friday, the MPC has reduced the Repo rate by 50 BPS to 5.50% from the existing rate of 6.00%, also it has rdeuced the CRR-Cash Reserve Ratio by 100 BPS to 3% from 4%. 

GDP data for the Q4 ending Mar'25 released on 30th May'25-Friday, the GDP has moved up to 7.40% Vs.6.40% (Q3-Dec'24).

IIP data for Jun'25 released on 28th Jul'25-Monday, the Industrial production has come down to 1.50%; when compared to the May'25 level, i.e., 1.90%. 

Annual Inflation data for Jun'25 released on 14th Jul'25-Monday, the inflation has come down to 2.10% from May'25 level i.e., 2.82%.

WPI Inflation data for the month of Jun'25 released on 14th Jul'25-Monday, it has come down further to the negative side i.e., -0.13% as against the May'25 level i.e.,0.39%.

Wishing you for a safe, secured and profitable trading.

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The writing in the above daily market update should only be construed as guidance. I assert that any business or investment decisions should not be based purely on the information presented in the daily market update. As a Research Analyst, I will not be responsible for any losses incurred by a visitor/investor/client, as a result of decisions made based on any information given in the daily market update.

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